FE Report (October 02, 2010)
David A Weisbrod, the senior vice president (SVP) of JP Morgan, a leading financial institution of the USA, called on Finance Minister AMA Muhith at the Bangladesh Permanent Mission in New York recently, reports UNB.
The meeting between the finance minister and the SVP of JP Morgan was very significant, as the institution will launch its branch in Bangladesh this month, according to a message received in Dhaka from New York.
It is expected that foreign investment would increase in Bangladesh if the JP Morgan branch is opened.
During the meeting, the SVP of JP Morgan apprised Muhith of the progress in launching a branch in Bangladesh. The finance minister assured Weisbrod of extending all-out cooperation to the future activities of JP Morgan in Bangladesh.
Weisbrod initiated the move to open a JP Morgan branch in Bangladesh after a meeting with Prime Minister Sheikh Hasina during the 64th United Nations General Assembly in 2009.
In 1971, Weisbrod, AMA Muhith and Dr Muhammad Yunus worked together at the 'Bangladesh Information Centre', which was set up in Washington to have support of the world community in favour of the Liberation War of Bangladesh.
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